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Dec 25, 2012
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tell us a little bit about the fiscal cliff here. we know the senate is going to come back on thursday. do we expect the presidt to come back to washington and deal with trying to avoid these tax increases and the spending cuts? >> it really does sound like he'll be coming back, suzanne. it is not official. the white house hasn't put out a schedule update. it seems to be more a matter of when he is coming back rather than if. the senate will reconvene thursday. all eyes there as senate majority leader harry reid tries to cobble together something that can get some republican support. we'll be waiting to see exactly when president obama is coming back but we understand that the senate even though it reconvenes on thursday may not, senate democrats may not roll out a bill until closer to the new year. also get some republican support and put pressure on the house to take it up. >> we'll be following that very closely. have a wonderful christmas and of course we'll talk with you a little bit later. if there are any developments on the f
tell us a little bit about the fiscal cliff here. we know the senate is going to come back on thursday. do we expect the presidt to come back to washington and deal with trying to avoid these tax increases and the spending cuts? >> it really does sound like he'll be coming back, suzanne. it is not official. the white house hasn't put out a schedule update. it seems to be more a matter of when he is coming back rather than if. the senate will reconvene thursday. all eyes there as senate...
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Dec 30, 2012
12/12
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cliff. in his first sunday talk show appearance in three years, president obama today called for congress to at least extend middle class tax cuts and unemployment benefits if no fiscal deal is reached. tax hike increase take effect january 1st. >>> the situation in the war-torn country is getting worse by the day. this weekend is proving him right. opposition activists say at least 397 people were killed across syria yesterday alone. if true, the deadliest day yet in almost two years in the civil war. the opizatiposition says more t 200 killed following a battle. >>> new england is getting a heavy dose of snow and freezing temperatures. boston is expected to get up to eight inches and the city's mayor has declared a snow emergency. neighboring rhode island is also getting pounded over a foot of snow has already fallen in some parts of that state. >>> some good news this morning about former president george h.w. bush. we're told he is improving and has been moved out of the intensive care u
cliff. in his first sunday talk show appearance in three years, president obama today called for congress to at least extend middle class tax cuts and unemployment benefits if no fiscal deal is reached. tax hike increase take effect january 1st. >>> the situation in the war-torn country is getting worse by the day. this weekend is proving him right. opposition activists say at least 397 people were killed across syria yesterday alone. if true, the deadliest day yet in almost two years...
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Dec 29, 2012
12/12
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their heads off and it wouldn't help the medicare fiscal cliff. >> reporter: with time running out hopes for a grand bargain have diminished with talk now of a smaller deal that extend bush tax rate for the middle class and extends unemployment benefits but puts off major spending cuts and reform to entitlements like medicare. >> we're going to end up with a small kick the can down the road bill that creates another fiscal cliff to deal with this fiscal cliff. >> reporter: with expectations for a deal low, lawmakers are now talking about how to retroactively fix any damage done by going over the cliff in the new congress. in washington nicole collins, fox news. >>> we are, of course, going to have much more on the fiscal cliff negotiations coming up at 10:30. a republican and democratic strategist will face off here and talk about the prospects for reaching a deal. >>> a strike that could have shut down ports all over the east coast have been averted for now. the longshoremen union along the east coast and the gulf of mexico says it will extend its contract for the next 30 days. that ext
their heads off and it wouldn't help the medicare fiscal cliff. >> reporter: with time running out hopes for a grand bargain have diminished with talk now of a smaller deal that extend bush tax rate for the middle class and extends unemployment benefits but puts off major spending cuts and reform to entitlements like medicare. >> we're going to end up with a small kick the can down the road bill that creates another fiscal cliff to deal with this fiscal cliff. >> reporter:...
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Jan 1, 2013
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it's not a good fiscal cliff deal if it give morse tax cuts to 2% and sets the stage for, in his words, quote, hostage-taking. he is voicing the concern that because the taxes only apply or go up on those making $400,000 or more and $450,000 if you're a couple, that essentially it's not hitting enough people. and he is voicing the concern that there might be deep cuts. so there is some pressure coming from the left for democrats to not necessarily accept the deal that is on the table. now, we saw president obama come out earlier today and talk about the fact that look, this isn't a perfect deal. this represents compromise on all sides. part of the reason you saw president obama come out today is not only to pressure republicans, but also to pressure democrats to get the deal done before this midnight deadline that is now so close and that is fast approaching. so there is some opposition that is being voiced from the left. could this impact the decision of some senate democrats? we'll have to wait and see, certainly. but, of course, when these deals come together, there are a lot of dis
it's not a good fiscal cliff deal if it give morse tax cuts to 2% and sets the stage for, in his words, quote, hostage-taking. he is voicing the concern that because the taxes only apply or go up on those making $400,000 or more and $450,000 if you're a couple, that essentially it's not hitting enough people. and he is voicing the concern that there might be deep cuts. so there is some pressure coming from the left for democrats to not necessarily accept the deal that is on the table. now, we...
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Dec 28, 2012
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. >> if an unemployment extension is not included in the fiscal cliff deal, 2.1 million americans will face an immediate loss in federal unemployment insurance. it will result in a cut of $284 a week for the average beneficiary. and that's a lot of dough for the average american. it's important to keep in mind the unemployment cliff is really a cliff, urban a slope. tax increases and other spending cuts will fall into place over time. but not with unemployment insurance. unemployment americans who rely on federal aid will be cut off on january 1st, 2013. however, there is some good news on the unemployment front. the four-week average of job claims dropped to roughly 356,000. it's the lowest level since march 2008. but unfortunately, the national unemployment rate is still 7.7%. and if republicans in congress fail to accuracy millions of unemployed americans will be off to a very rough start for the new year. for more on this let's turn to the reverend dr. haines iii, senior pastor at friendship west baptist church. dr. haines, welcome to the show. >> thank you, professor dyson. >> isn
. >> if an unemployment extension is not included in the fiscal cliff deal, 2.1 million americans will face an immediate loss in federal unemployment insurance. it will result in a cut of $284 a week for the average beneficiary. and that's a lot of dough for the average american. it's important to keep in mind the unemployment cliff is really a cliff, urban a slope. tax increases and other spending cuts will fall into place over time. but not with unemployment insurance. unemployment...
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Dec 31, 2012
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keep in mind that the threat of tax hikes going up is only one part of the so- called fiscal cliff. what we also have facing us starting tomorrow are automatic spending cuts that are scheduled to go into effect. keep in mind that some of the spending cuts that congress has said will automatically go into effect have an impact on our defense department but they also have an impact on things like head start. some programs that are scheduled to be cut and we're using an ax instead of a scalpel. they may not always be the smartest cuts. that is a piece of business that still has to be taking care of. i want to make clear that any agreement that we have to deal with these automatic spending cuts that are being threatened for next month, polls also have to be balanced. our principal has always been to do things in a balanced responsible way. that means revenue has to be part of the equation. the same is true for any future deficit agreement. obviously we're going to have to do more to reduce our debt and deficit. i'm willing to do more. it is going to have to be balanced. it has to be a b
keep in mind that the threat of tax hikes going up is only one part of the so- called fiscal cliff. what we also have facing us starting tomorrow are automatic spending cuts that are scheduled to go into effect. keep in mind that some of the spending cuts that congress has said will automatically go into effect have an impact on our defense department but they also have an impact on things like head start. some programs that are scheduled to be cut and we're using an ax instead of a scalpel....
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Dec 27, 2012
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of the looming fiscal cliff deadline. it is now just five days away. is there any movement on either side? how many more times can we ask this question of abc chief white house correspondent, jonathan karl, joining us this morning. dare i ask, where we stand this morning? >> reporter: good news and bad news. the president's coming back to washington. the senate's coming back. they're ready to strike a deal. the bad news, josh, no progress whatsoever. and, in fact, the treasury department said that the government on monday will hit the limit of how much money we can borrow to run the government. they're going to do some extraordinary measures to keep us going until february. but things look grim. the one sliver of good news i can say on the substance is, the speaker's office tells me this morning there has been contact between the speaker of the house and the president, at least on the staff level. and they won't say whether or not the two men actually spoke. >> contact. hazahs all around. we heard a lot about taxes that w
of the looming fiscal cliff deadline. it is now just five days away. is there any movement on either side? how many more times can we ask this question of abc chief white house correspondent, jonathan karl, joining us this morning. dare i ask, where we stand this morning? >> reporter: good news and bad news. the president's coming back to washington. the senate's coming back. they're ready to strike a deal. the bad news, josh, no progress whatsoever. and, in fact, the treasury department...
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Dec 24, 2012
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>> the day before christmas, of course, still no fiscal cliff resolution. the $500 billion in spending cuts and tax increases start on january 1st unless the white house and congress reach some sort of agreement. we're joined by former pennsylvania governor ed rendell, co-chair of the campaign to fix the debt. and a cnbc contributor. governor, happy holidays. good morning to you. >> good morning, guys. >> so we're sitting here wondering what can be done in the next seven days. even in your role, if you're having to reset expectations. >> sure. i think it's fair to say the campaign is disappointed. we're not going to -- unless lightning strikes, we're not going to get a big deal. we're going to get something that avoid the cliff. kicks the can down the road on the serious issues. the serious issues, the can gets kicked into the debt ceiling. president says he's not going to deal with the debt ceiling. who knows what's going to happen at that point. i think we blew an opportunity in the last seven weeks to really sit down, do something good for the country, d
>> the day before christmas, of course, still no fiscal cliff resolution. the $500 billion in spending cuts and tax increases start on january 1st unless the white house and congress reach some sort of agreement. we're joined by former pennsylvania governor ed rendell, co-chair of the campaign to fix the debt. and a cnbc contributor. governor, happy holidays. good morning to you. >> good morning, guys. >> so we're sitting here wondering what can be done in the next seven days....
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Dec 30, 2012
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we'll talk about the fiscal cliff to senator dick durbin and senator tom coburn on face the nation. >> osgood: next week here on sunday morning, a conversation with general stanley mcchrystal. and we catch up with actress laura durn. my doctor diagnosed it as fibromyalgia, thought to be the result of overactive nerves that cause chronic widespread pain. lyrica is believed to calm these nerves. i learned lyrica can provide significant relief from fibromyalgia pain. and for some people, it can work in as early as the first week of treatment. so now i can do more of the things that i enjoy. lyrica is not for everyone. lyrica may cause serious allergic reactions or suicidal thoughts or actions. tell your doctor right away if you have these, new or worsening depression, or unusual changes in mood or behavior, or any swelling or affected breathing or skin, or changes in eyesight, including blurry vision or muscle pain with fever or tired feeling. common side effects are dizziness, sleepiness, weight gain, and swelling of hands, legs and feet. don't drink alcohol while taking lyrica. don't d
we'll talk about the fiscal cliff to senator dick durbin and senator tom coburn on face the nation. >> osgood: next week here on sunday morning, a conversation with general stanley mcchrystal. and we catch up with actress laura durn. my doctor diagnosed it as fibromyalgia, thought to be the result of overactive nerves that cause chronic widespread pain. lyrica is believed to calm these nerves. i learned lyrica can provide significant relief from fibromyalgia pain. and for some people, it...
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Dec 29, 2012
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up and it wouldn't help the medicare fiscal cliff. we need to do both and the president has to lead it it and if he does i'm ready to work with him and so are a lot of other republicans and democrats. >> lamar alexander demanding presidential leadership but also making that point that it's not just about taxes. it's also about spending, harris. >> harris: you and ed talk about -- you and i talk about the fact that we don't want to put too fine a point on the fact that there is acting that goes along with politics. what about the president's tone today? it sounded like he was angry. >> oh, yeah. i think from reading his body language and hearing his words as i have over these many years. you have to put into context of frustration he is feeling going back to the debt ceiling debate a year and a half ago. two summers ago where he felt and he said it then and he said it again today in another context that these are self-inflicted wounds to the economy that he thinks the republicans held him hostage on the debt ceiling a year and a half a
up and it wouldn't help the medicare fiscal cliff. we need to do both and the president has to lead it it and if he does i'm ready to work with him and so are a lot of other republicans and democrats. >> lamar alexander demanding presidential leadership but also making that point that it's not just about taxes. it's also about spending, harris. >> harris: you and ed talk about -- you and i talk about the fact that we don't want to put too fine a point on the fact that there is...
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Dec 30, 2012
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you've got half of those cuts in defense alone. >> well, the other part of the fiscal cliff is congress agreed that they would cut an additional $1.2 trillion in spending. they put a committee together to try to come up with those numbers. they didn't figure out how to do it. and so what we now have is a situation where these automatic spending cuts go into place. now if we have raised some revenue by the wealthy paying a little bit more, that would be sufficient to turn off what's called the sequester, these automatic spending cuts. and that also would have a better outcome for our economy long-term. but you know, so far at least, congress has not been able to get this stuff done. not because democrats in congress don't want to go ahead and cooperate. but because i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit. as part of an overall deficit reduction package. >> you talk about a dysfunction in washington. you signed this legislation setting up the fiscal cliff 17 months a
you've got half of those cuts in defense alone. >> well, the other part of the fiscal cliff is congress agreed that they would cut an additional $1.2 trillion in spending. they put a committee together to try to come up with those numbers. they didn't figure out how to do it. and so what we now have is a situation where these automatic spending cuts go into place. now if we have raised some revenue by the wealthy paying a little bit more, that would be sufficient to turn off what's called...
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Dec 31, 2012
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the spending cuts and tax hikes are expected to take effect. >> the night before the fiscal cliff. the senate gave up until tomorrow. >> there is still time to reach an agreement. >> they dropped the demand to cut social security. >> i am optimistic we can live move legislation and get this averted before tomorrow. >> the taxes will go up on most americans. huge cuts kick in. >> i think it is obvious president obama wants us to go over the fiscal cliff. >> president obama blamed republicans. >> they say the biggest priority is making sure they deal with the deficit in a significant way. they are behaving in a way that they're only priority is that the tax breaks for the wealthiest americans are protected. blacks mitch mcconnell is vowing to find out. -- >> mitch mcconnell is vowing to find out. >> can the senate veteran help congress tumble to a deal on the last day? >> if we do go off the fiscal cliff, congress would be more likely to make a deal. members could claim they are cutting taxes. >> thank you. if america does fall off the fiscal cliff on the first of the year, maryland
the spending cuts and tax hikes are expected to take effect. >> the night before the fiscal cliff. the senate gave up until tomorrow. >> there is still time to reach an agreement. >> they dropped the demand to cut social security. >> i am optimistic we can live move legislation and get this averted before tomorrow. >> the taxes will go up on most americans. huge cuts kick in. >> i think it is obvious president obama wants us to go over the fiscal cliff....
WHUT (Howard University Television)
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Dec 31, 2012
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do we balance the budget, make cuts on, you know, by cutting social programs for the poor? do it we do it by keeping tax rates low for the rich? and ultimately we have to decide as a community who has to foot the bill to get us back on solid financial ground. and so there's a lot of religious groups have said, "yes, we need to do something about our fiscal mess, but we cannot do it in an immoral way and we cannot do it in a way that punishes the people who can least afford it, and rewards the people who can." >> one of the things that's gonna be coming up is the realization more and more of what's in the obama healthcare plan as things begin to kick in. who wants to pick up on that, on the requirement that, for instance, that groups offer contraceptive coverage? >> well, that's gonna be very controversial and that's gonna come up again very early in this year because the mandate that came down from the obama administration that employers cover contraceptive services free of charge and that includes many faith-based employers, and so you had this coalition of catholic church
do we balance the budget, make cuts on, you know, by cutting social programs for the poor? do it we do it by keeping tax rates low for the rich? and ultimately we have to decide as a community who has to foot the bill to get us back on solid financial ground. and so there's a lot of religious groups have said, "yes, we need to do something about our fiscal mess, but we cannot do it in an immoral way and we cannot do it in a way that punishes the people who can least afford it, and rewards...
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Dec 28, 2012
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that's just one day before the fiscal cliff deadline when income tax cuts and payroll tax cuts are set to expire, $110 billion worth of spending cuts kick in, and two million jobless americans lose their unemployment benefits. for the first time, leader reid said today that it looks like the nation is going to go over the fiscal cliff, but that may just have been bluster, jeff, to try to put more pressure on republicans. >> glor: so, nancy, the house coming back on sunday. is that a good sign? >> reporter: well, it is in the sense that if the senate does manage to pass something, the house would be here to vote on it, as well. originally, speaker boehner had told his members that he would give them 48 hours' notice if they were needed back here at the capitol, but there was a recognition, i think, that it just looked bad for the house to be gone when we were so close to the fiscal cliff deadline. >> glor: nancy cordes, thank you. major garrett has been following developments at the white house. major, what is the president's next move? >> reporter: it is not a breakthrough but it is a
that's just one day before the fiscal cliff deadline when income tax cuts and payroll tax cuts are set to expire, $110 billion worth of spending cuts kick in, and two million jobless americans lose their unemployment benefits. for the first time, leader reid said today that it looks like the nation is going to go over the fiscal cliff, but that may just have been bluster, jeff, to try to put more pressure on republicans. >> glor: so, nancy, the house coming back on sunday. is that a good...
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Dec 27, 2012
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short their holiday vacations to work out a last-minute deal to avoid the "fiscal cliff." they have less than five days to come to agreement before tax hikes and spending cuts kick in. senate majority leader harry reid has a plan to let tax cuts expire for households making more than $250,000 a year along with short-term spending cuts instead of the long-term cuts that would happen if there is nodule. >> the american people are waiting for the ball to drop but it's not going to be a good drop because americans' taxes are approaching the wrong direction. >> reporter: negotiations between president obama and house republican leaders stalled last week. the house is now leaving it up to the democratic-controlled senate to solve the problem before the new year deadline. in addition to the "fiscal cliff," treasury secretary timothy geithner warned congress that the u.s. is close to hitting its debt limit of $16.4 trillion. geithner saved the government will take steps to allow more burrough after december 31. danielle nottingham, cbs news, washington. >>> let's look now at the m
short their holiday vacations to work out a last-minute deal to avoid the "fiscal cliff." they have less than five days to come to agreement before tax hikes and spending cuts kick in. senate majority leader harry reid has a plan to let tax cuts expire for households making more than $250,000 a year along with short-term spending cuts instead of the long-term cuts that would happen if there is nodule. >> the american people are waiting for the ball to drop but it's not going to...
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if we go over that fiscal cliff, that triggers fears of automatic spending cuts, and we are just looking at the defense piece today. the pentagon will face a cut of $492 billion. that is about a half trillion dollars over nine years. that works out to about a 55 billion-dollar cut per year, starting next year, 2013. defense analysts say this on top of hundreds of additional cuts already in place for defense will be devastating to the military. >> it is going to affect the operational force that is its livelihood to get it equipment and not just the force in afghanistan that is being reduced. it would impact the training as well. reporter: there is a large defense industry will also be hit. private companies may not get government contracts to keep them in business. >> severe budget cuts could literally put national security at risk if the companies that make the f-35 fighter jet or nuclear submarines or artillery pieces don't have the money and have to lay off work force and close facilities. reporter: jim moran said his district, right outside of washington, home to many who work in the
if we go over that fiscal cliff, that triggers fears of automatic spending cuts, and we are just looking at the defense piece today. the pentagon will face a cut of $492 billion. that is about a half trillion dollars over nine years. that works out to about a 55 billion-dollar cut per year, starting next year, 2013. defense analysts say this on top of hundreds of additional cuts already in place for defense will be devastating to the military. >> it is going to affect the operational...
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Dec 29, 2012
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these are the people that republicans have used as pawns in the fiscal cliff debate. earlier this week, senate minority leader mitch mcconnell demanded spending cuts to offset the estimated. $30 billion cost of extending the federal unemployment insurance program for another year. mcconnell was elected to serve the people of kentucky. so how do mcconnell and junior senator rand paul justify letting federal unemployment benefits expire for 24,000 people in their state? how can senator marco rubio allow nearly 119,000 unemployed floridians to be cut off? senators john mccain and jon kyl should be fighting for the 28,000 people who would be affected in arizona. it's not clear if they will. and the list goes on and on. unemployment benefits are vital to the economic security of millions of americans, and the continued recovery of the u.s. economy as a whole. this should not be a bipartisan issue. let's bring in john nichols, washington correspondent for "the nation" magazine. brother nichols, who will be most affected if no deal is reached. not the very reach who can affo
these are the people that republicans have used as pawns in the fiscal cliff debate. earlier this week, senate minority leader mitch mcconnell demanded spending cuts to offset the estimated. $30 billion cost of extending the federal unemployment insurance program for another year. mcconnell was elected to serve the people of kentucky. so how do mcconnell and junior senator rand paul justify letting federal unemployment benefits expire for 24,000 people in their state? how can senator marco...
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Dec 29, 2012
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thank you. >> brown: the final weekend has now arrived before the fiscal cliff hits on new year's day and with it, more than $600 million in tax hikes and spending cuts. in a last bid for a deal, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but there was little to suggest the makings of an 11th hour bargain. a source familiar with the meeting told the newshour its president is sticking with his offer from last friday. it included keeping the bu era tax break force the middle class but raisi tax rates on incomeser v ov 250,000 dollars a. year predeont alse wan a to extend unempyment w benefits omfor se 2 million americans who will lose them in the new year. and a proposal would delay any spending cuts. the president asked for an up or down vote on his plan unless there is a counter proposal that will pass both the house and senate. a little more th
thank you. >> brown: the final weekend has now arrived before the fiscal cliff hits on new year's day and with it, more than $600 million in tax hikes and spending cuts. in a last bid for a deal, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but...
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Dec 28, 2012
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summer with no revenue at all when we agreed to the debt ceiling deal that triggered this fiscal cliff fiasco. so we have put hundreds of billions, and we're willing to put more than a trillion in spending cuts. the republicans are still really leaving the middle class twisting in the wind, because they're unwilling to support, particularly the extremi tea partiers in the house republican congress increasing tax rates on the wealthier, people who make more than a million a year. it's unbelievable. >> debbie wasserman schultz, thank you for your time. >> thank you. >>> let's bring back ed as well as perry. let el me get your reaction. are write going over? will we get a deal after? >> if they keep talking like that, it looks increasingly likely that we will. a lot of it they probably want to american so that the final day of the year can go off without really know what will happen. >>> so the fact that he's now, you know, open to talking to the white house, going to attend this meeting and seem amenable to some kind of deal that could conceivably start this weekend, say debate start ton
summer with no revenue at all when we agreed to the debt ceiling deal that triggered this fiscal cliff fiasco. so we have put hundreds of billions, and we're willing to put more than a trillion in spending cuts. the republicans are still really leaving the middle class twisting in the wind, because they're unwilling to support, particularly the extremi tea partiers in the house republican congress increasing tax rates on the wealthier, people who make more than a million a year. it's...
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Dec 31, 2012
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defense sector facing major cuts if we do go over the fiscal cliff. how that industry will be affected if we don't get a deal today, we'll talk about that after the break. stay with us. any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> they say the biggest priority is making sure we deal with the debt in a serious way. the way they're behaving is their only priority is making sure that tax breaks for the wealthiest americans are protected. >> there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest, or frankly, the courage to close the deal. >> the deadline to get a deal done, steadily getting closer and closer. the defense industry wi
defense sector facing major cuts if we do go over the fiscal cliff. how that industry will be affected if we don't get a deal today, we'll talk about that after the break. stay with us. any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader...
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Dec 31, 2012
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we have hours go before the fiscal cliff deadline when dramatic increases and spending cuts kick in. congressional leaders and vice president biden are struggling to avoid the fiscal cliff. those negotiations continue this morning. nancy cordes is on capitol hill. nancy, good morning. >> reporter: good morning to you, norah. they have appeared to move closer to one another. democrats have come way up from the president's longstanding position that the bush tax cuts should expire for all household income over $250,000 a year. republicans have come way down from speaker boehner's insistence that that limit be set at a million dollars. and so if there's a deal today, and that's a big "if," you can expect it would be set around $400,000, $500,000, $600,000 a year, so certainly 90, 95% of americans would be keeping their tax cut. one of the biggest sticking points for the republicans right now appears that this deal doesn't include significant spending cuts. in fact, it contain as lot of new spending and so that is one major issue that's going to have to be ironed out. and if they don't g
we have hours go before the fiscal cliff deadline when dramatic increases and spending cuts kick in. congressional leaders and vice president biden are struggling to avoid the fiscal cliff. those negotiations continue this morning. nancy cordes is on capitol hill. nancy, good morning. >> reporter: good morning to you, norah. they have appeared to move closer to one another. democrats have come way up from the president's longstanding position that the bush tax cuts should expire for all...
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cliff of tax hikes and spending cuts. the house planned to reconvene on sunday evening. a christmas season storm rolled through the northeast and new england, as the death toll climbed to 16. and lisa jackson announced she's stepping down as administrator of the environmental protection agency. and online, we've got a unique year-in-review of sorts. kwame holman has more. >> holman: science correspondent miles o'brien has had a most interesting 2012. he's crawled in sewage, cuddled with dolphins and played guinea pig to lots of experiments. watch some of the best outtakes of miles' science stories on the rundown. and we round up the most important lessons we've learned about helping kids stay in school from our series, american graduate. all that and more is on our web site newshour.pbs.org. margaret? >> warner: and that's the "newshour" for tonight. i'm margaret warner. >> brown: and i'm jeffrey brown. we'll see you online and again here tomorrow evening with mark shields and david brooks among others. thank you and good
cliff of tax hikes and spending cuts. the house planned to reconvene on sunday evening. a christmas season storm rolled through the northeast and new england, as the death toll climbed to 16. and lisa jackson announced she's stepping down as administrator of the environmental protection agency. and online, we've got a unique year-in-review of sorts. kwame holman has more. >> holman: science correspondent miles o'brien has had a most interesting 2012. he's crawled in sewage, cuddled with...
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the looming fiscal cliff. it is a brand new hour of "america's newsroom," hello, everyone, i'm patti ann brown. gregg: and i'm gregg jarrett. lawmakers are -- republican lawmakers are returning to washington, d.c., and they are trying to negotiate something, anything with the house. both sides saying that a few days to cool off over the holiday might be helpful, but there are no signs they're closer to a deal. patti ann: chief white house correspondent ed henry joining us now live in honolulu, hawaii. so, ed, what is the latest? any progress to tell us about? >> reporter: or well, patti ann, really no progress. as gregg was saying, a lot of people thought, well, a cooling-off period, the holidays, maybe this'll get everybody to work together, the president even joking last week about figuring out a way to move all of this forward, but we've been told by white house officials there have been no real phone calls between the president and speaker boehner over the last few days, very little staff contact. so the b
the looming fiscal cliff. it is a brand new hour of "america's newsroom," hello, everyone, i'm patti ann brown. gregg: and i'm gregg jarrett. lawmakers are -- republican lawmakers are returning to washington, d.c., and they are trying to negotiate something, anything with the house. both sides saying that a few days to cool off over the holiday might be helpful, but there are no signs they're closer to a deal. patti ann: chief white house correspondent ed henry joining us now live in...
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a deal to avoid the so-called fiscal cliff. in just four days across-the-board spending cuts take effect. >>> if president obama and congress fails to reach an agreement the price of milk could lead sharply. perhaps $6 per gallon. at issue is the farm bill and how much the federal government pays farmers. john blackstone reports. >> who wants milk? >> me. >> me. >> me. >> reporter: with four children the rasmussen family in california drinks about five gallons a week on milk. if congress doesn't pass the bill, i would cost him $106. that has dad sean rasmussen worried. >> they have to have their milk. we might have to cut elsewhere. >> reporter: without new legislation government prices revert back to 1939 levels. back then the process was more laborious and farmers needed a higher subsidy to cover their costs. dan sumner says the new price of milk would be far above what it now costs dairy farmers to produce it. >> it really will be chaos. >> reporter: so we would go back to this old farm bill which would force the government
a deal to avoid the so-called fiscal cliff. in just four days across-the-board spending cuts take effect. >>> if president obama and congress fails to reach an agreement the price of milk could lead sharply. perhaps $6 per gallon. at issue is the farm bill and how much the federal government pays farmers. john blackstone reports. >> who wants milk? >> me. >> me. >> me. >> reporter: with four children the rasmussen family in california drinks about five...
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fiscal cliff. here's what both sides are considering in a potential deal right now. an increase in tax rates for families making over $450,000 a year. extending unemployment benefits. and an increase in the estate tax. the president seemed hopeful but cautious when he addressed the american people earlier today. >> today, it appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. there are still issues left to resolve. but we're hopeful that congress can get it done. but it's not done. >> let's get straight to our chief white house correspondent jessi jessica yellin. she's over at the white house with the very latest. the president seems pretty optimistic that it's within a few hours we could have a deal, right? >> reporter: wolf, the people i just spoke to here say they are no more or less optimistic than they were this morning. which is to say they are not cueing the confetti just yet. senator mitch mcconnell, the republican leader on the hill, is still t
fiscal cliff. here's what both sides are considering in a potential deal right now. an increase in tax rates for families making over $450,000 a year. extending unemployment benefits. and an increase in the estate tax. the president seemed hopeful but cautious when he addressed the american people earlier today. >> today, it appears that an agreement to prevent this new year's tax hike is within sight. but it's not done. there are still issues left to resolve. but we're hopeful that...
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senate says politicians are running out of time to avoid the budget crisis known as the fiscal cliff. every reed said democrats and republicans had to stop squabbling to have any chance at which an agreement by december 31st and higher taxes and spending cuts will automatically take effect. president obama has cut short his holiday to revive the talks. >> if we go over this cliff, the house of representative with four days left are not here with the speaker having told him that he will have 458 hours' notice. i cannot imagine their conscience out there wherever they are around the country and we are trying to get something done. >> why is the american economy teetering on the edge of the cliffs? these are some of the things that president obama is trying to prevent with the return to the lighthouse. an employment has fallen to a four year low and currently stands at 7.7%. no deal could mean 2.1 million jobs disappearing parent to it would equate to a contraction of 1.5% in the value of all goods and services america producers meaning less money to afraid with the rest of the world. as
senate says politicians are running out of time to avoid the budget crisis known as the fiscal cliff. every reed said democrats and republicans had to stop squabbling to have any chance at which an agreement by december 31st and higher taxes and spending cuts will automatically take effect. president obama has cut short his holiday to revive the talks. >> if we go over this cliff, the house of representative with four days left are not here with the speaker having told him that he will...
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the only way to fix that is go over the fiscal cliff 'cause clearly democrats don't want to cut spending. they'll have to be forced into that and the only way that happens is hit the sequestration, the things that the fiscal cliff will bring of the that's why. i'll take the medicine, the pain now for a healthier economy going forward. >> kelly: there are a lot of economists who agree because they're saying if we go through this, it will be pain for everybody, 2,000, $4,000 added to our tax for the next year or so. and potentially, after that we will rebound and all those automatic spending cuts will go into effect. >> juliet: we've been following this drama involving hobby lobby. the company plans to defy a federal mandate that came out. it required it to offer the morning after pill. and hobby lobby, the owners of the company say, but they don't want to do that. it defies what they believe. they're going to be defying this order. they're going to risk fines of up to $1.3 million per day because they said on principle, we can not do this. >> kelly: here is the reason why. they're a faith
the only way to fix that is go over the fiscal cliff 'cause clearly democrats don't want to cut spending. they'll have to be forced into that and the only way that happens is hit the sequestration, the things that the fiscal cliff will bring of the that's why. i'll take the medicine, the pain now for a healthier economy going forward. >> kelly: there are a lot of economists who agree because they're saying if we go through this, it will be pain for everybody, 2,000, $4,000 added to our...
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but this sequester is, you know, it's a big part of the fiscal cliff. monetarily it's not quite half of it. it's worth $110 billion, and those spending cuts go into effect tonight. it's unclear if they are going to solve that part of it. >> woodruff: but todd s there, on the tax side, has there been agreement there, at least, on the senate side. because as we just reported some democrats say they don't like what they see. >> well, they don't need everybody. keep in mind, you-- what you need in the senate usually is 51 votes. we've gotten into this environment here where we assume that everything needs 60 votes. it doesn't have to be that way. you heard from senator harkin there, he and a bunch of other senate lib rarblingts shelton white house, al franken, jay rockefeller, other, huddled in harry reid's office earlier today. i was standing outside that room when they came out. they were tight-lipped. they were grim. they went into a side meeting all their own to try and decide what to do. they weren't talking when they came out. what you are looking for
but this sequester is, you know, it's a big part of the fiscal cliff. monetarily it's not quite half of it. it's worth $110 billion, and those spending cuts go into effect tonight. it's unclear if they are going to solve that part of it. >> woodruff: but todd s there, on the tax side, has there been agreement there, at least, on the senate side. because as we just reported some democrats say they don't like what they see. >> well, they don't need everybody. keep in mind, you-- what...
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. >> woodruff: this turned out to be a long day of waiting for final action on the "fiscal cliff" bill that cleared the senate early today. in the house, the measure ran into republican demands for more spending cuts, and its prospects for passage there dimmed. congress began the new year having missed its deadline to keep tax cuts from rising back to 1990's levels for most americans. and to prevent across-the-board spending cuts. instead, house republicans and democrats spent much of the day mulling a bill that cleared the senate shortly before 2:00 a.m. >> the yeah's are 89. the nays are 8. 60-vote threshold having been achieved the bill as amended is passed. >> woodruff: the senate bill makes permanent the bush era tax cuts for 99% of families, those with incomes under $450,000 a year. anything over that amount would be taxed at a rate of 39.6% up from the current 35. the agreement would raise the estate tax on large estates to 40%. but the payroll tax cut of the last two years would expire. the bill also extends unemployment benefits for a year and it stops a cut in medicare paymen
. >> woodruff: this turned out to be a long day of waiting for final action on the "fiscal cliff" bill that cleared the senate early today. in the house, the measure ran into republican demands for more spending cuts, and its prospects for passage there dimmed. congress began the new year having missed its deadline to keep tax cuts from rising back to 1990's levels for most americans. and to prevent across-the-board spending cuts. instead, house republicans and democrats spent...
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i think beyond in fiscal cliff deal there has to be a long-range plan. the simpson bowles plan i think is the one that makes most sense entitlement reform, spending cuts. and many other measures that need to happen. look, we have to have jobs and economic growth in this country he. that should be paramount in trying to resolve these economic problems. i think the congress and the president as soon as this deal is over and i think there will be one in the next week or so, short-term first, then a longer term one has to get down to job creation, economic growth, technology growth, international issues affecting our international security, this really needs to happen and it has to be bipartisan and i think we are moving in that direction right now. >> i'm going to make a final bet and prediction with you only because we are odd friends. i will bet you a gentleman's bet that the president wants the fiscal cliff and he will come back and give back the new tax increases and then there will be a huge fight over the debt ceiling and i don't see a path to any rea
i think beyond in fiscal cliff deal there has to be a long-range plan. the simpson bowles plan i think is the one that makes most sense entitlement reform, spending cuts. and many other measures that need to happen. look, we have to have jobs and economic growth in this country he. that should be paramount in trying to resolve these economic problems. i think the congress and the president as soon as this deal is over and i think there will be one in the next week or so, short-term first, then...
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cliff, he can blame the republicans and he can do the tax cuts on the rich thing, he's the president. i mean, you know, as has been said, we don't really remember who the leader of the house was when hoover was president. i mean, you know -- ultimately it's his economy. >> it's his country and it's his economy and it's his government but i think one of the things that is instructive is that we are now down to such a tiny perspective deal, the tough issues are not being dealt with at all. even the sequestration which was supposed to be so horrible, these automatic cuts in defense, so horrible that we would never let them happen will almost certainly happen because there is not time to deal with that in the next 24 hours. >> it's a sad -- >> the frustrating thing for me isn't this what we really need to do? i think washington is incapable of making a deal that will help the country. what we're talking about here is a deal that's going to help the politicians. it'll help the president. we're arguing it's going to help boehner. that is not the problem. the problem is we have a really big
cliff, he can blame the republicans and he can do the tax cuts on the rich thing, he's the president. i mean, you know, as has been said, we don't really remember who the leader of the house was when hoover was president. i mean, you know -- ultimately it's his economy. >> it's his country and it's his economy and it's his government but i think one of the things that is instructive is that we are now down to such a tiny perspective deal, the tough issues are not being dealt with at all....
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that are part of this so-called fiscal cliff. republicans want to see more deficit reduction. democrats say that could come later, but this would be a smaller plan. there are really some serious differences and not a lot of time left. congress has created its own deadline to this so-called fiscal cliff and now has to live by it over the next several hours to see if something can get done. erica? >> kelly o'donnell, thank you. chuck todd is nbc's political director. kelly mentioned some constructive movement but then there's this chasm we keep hearing about. is there a chance for a deal? >> i think -- i want to say yes, there's a chance for a deal! they're not that far apart. it really depends on the political motivations of the people at the negotiating table. you think about joe biden and mitch mcconnell, mitch mcconnell is totally looking at this through a political lens, what is in the best interest of republicans in his view? from what i understand in his view he thinks what's in the best interest of the republican party is g
that are part of this so-called fiscal cliff. republicans want to see more deficit reduction. democrats say that could come later, but this would be a smaller plan. there are really some serious differences and not a lot of time left. congress has created its own deadline to this so-called fiscal cliff and now has to live by it over the next several hours to see if something can get done. erica? >> kelly o'donnell, thank you. chuck todd is nbc's political director. kelly mentioned some...
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only eight days left until america goes off the fiscal cliff. both sides are taking a holiday break, and all we're getting is the blame game. some republicans suggesting that the doomsday scenario that's now unfolding is all part of a white house plan. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at thement bot of the cliff. he gets all this additional tax revenue for new program. he gets to cut the military, which democrats have been calling for for years, and he gets to blame republicans for it. >> white house correspondent breanna keilar has the envy of all assignments of traveling with the president and joins us live from honolulu, hawaii, this morning. breanna, good morning to you. >> reporter: good morning to you, alina. the bottom line here, beginning this week, is that substantive conversations between democrats and republicans are basically nonexistent. the white house and senate democrats are not in communication not only with house re
only eight days left until america goes off the fiscal cliff. both sides are taking a holiday break, and all we're getting is the blame game. some republicans suggesting that the doomsday scenario that's now unfolding is all part of a white house plan. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at thement bot of the cliff. he gets all this additional tax revenue for new program. he gets...
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cliff is just a minor blip with you in the long run they actually won a large chunk of what they've been after? >> we're going to have to see what is the impact in the the days ahead. can the republicans somehow turn that around? they certainly, inside the white house believe just the opposite because they believe that john boehner was sort of out maneuvered here, he had been pressing the president, pressing the president for some of his issues and what boehner may have forgotten is at the end of the day if there's no action by the congress, all of the bush tax rates are expiring, so the president is going to get what he's wanted in this debate all along, which is that taxes are going up on the rich and-- >> the president's outmaneuvered the republicans from the very beginning on this. >> ed doesn't have to answer that question. >> and kimberly, we're going to give you the last question, before we go to mike emanuel. >> i have a civilized question for mr. henry. >> and civilized-- >> my goodness, bob. >> it sounds worse than the negotiations on the hill. >> it's worse, thank goodnes
cliff is just a minor blip with you in the long run they actually won a large chunk of what they've been after? >> we're going to have to see what is the impact in the the days ahead. can the republicans somehow turn that around? they certainly, inside the white house believe just the opposite because they believe that john boehner was sort of out maneuvered here, he had been pressing the president, pressing the president for some of his issues and what boehner may have forgotten is at...
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a deal as that fiscal cliff nears. now just six days until higher taxes for all americans. and tonight, a white house official is placing the burden of not getting a deal on leaders of congress. one official saying the hits from our economy are not coming from outside factors, they're coming from congressional stupidity. some members of congress do return tomorrow. these comments come just as barbara walters prepares for her "nightline" special tonight. her sitdown at the white house with the president and the first lady. tonight here, some rare personal questions answered about their own relationship and their girls. one of whom just got her first cell phone. >> reporter: i want to talk a bit about the girls. we have been rawatching them gr up from little girls to young ladies. now, malia recently got her first cell phone. do you monitor it? and see who she calls or who she texts? >> i give my daughter at this age, i give her a long rope. you know, and there is monitoring, because we have rules, but monitoring may be,
a deal as that fiscal cliff nears. now just six days until higher taxes for all americans. and tonight, a white house official is placing the burden of not getting a deal on leaders of congress. one official saying the hits from our economy are not coming from outside factors, they're coming from congressional stupidity. some members of congress do return tomorrow. these comments come just as barbara walters prepares for her "nightline" special tonight. her sitdown at the white house...
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we're talking about the tack increases, the spending cuts that make up the fiscal cliff. president obama, he cut his christmas vacation short to deal with this crisis. he arrived back from hawaii just a short time ago, and the senate also returning to work today hoping to come up with some kind of agreement. but time is running out. jessica yellin, she has the latest from the white house. we've got dana bash following the developments on capitol hill. i want to start off with you, dana. what do we know about a possible compromise on the senate siepd what they might be proposed in fairly short order? >> compromise, i'm not so sure we'll see that. but i was told by a republican senator and democratic senator that the pr indicated before he left for hawaii that he, the president, is expected to send a piece of legislation up today with his scaled back tax plan. that's something that the president outlined in general terms on the friday before he left for hawaii and since then what we've been hearing from republicans, particularly mitch mcconnell's office is we can't talk abo
we're talking about the tack increases, the spending cuts that make up the fiscal cliff. president obama, he cut his christmas vacation short to deal with this crisis. he arrived back from hawaii just a short time ago, and the senate also returning to work today hoping to come up with some kind of agreement. but time is running out. jessica yellin, she has the latest from the white house. we've got dana bash following the developments on capitol hill. i want to start off with you, dana. what do...
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cliff. the president again today called on lawmakers to act before taxes automatically go up for every american and spending cuts kick in. but republicans aren't happy with the proposal the white house is offering. so on a saturday night, washington is still at a stalemate and the public is pretty clearly growing frustrated. david gregory sat down exclusively with the president today. he'll share some insight in just a moment. first we go to nbc's kristen welker at the white house on a where the talks stand. >> reporter: good evening. sources close to the talks say there is more pessimism tonight with democrats and republicans still unable to reach a compromise, particularly over the issue of taxes. but senate negotiators aren't giving up. they're still hopeful for a breakthrough before that all important tuesday deadline. with time running out, key staffers huddled behind closed doors against the backdrop of a snowy capitol trying to hammer out a last-minute deal. in his weekly address, pre
cliff. the president again today called on lawmakers to act before taxes automatically go up for every american and spending cuts kick in. but republicans aren't happy with the proposal the white house is offering. so on a saturday night, washington is still at a stalemate and the public is pretty clearly growing frustrated. david gregory sat down exclusively with the president today. he'll share some insight in just a moment. first we go to nbc's kristen welker at the white house on a where...
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goes on to tweet republican's fiscal cliff double think fiscal crisis demands cuts in service, no investment in jobs but allows more tax cuts for richest americans. if and when this comes up for votes in the house and senate, it's unclear how many democrats especially on the left will support this, or buck the president, basically. bret? >> bret: ed henry live in the white house. thank you. stocks started the week up. possibly encouraged early in the day about talk of this possible deal. the dow finished ahead 166. the s&p 500 was up 24. the nasdaq gained 59 another deal not fiscal cliff related. the senate home security committee blasted the state department for failures leading to the deadly september 11th attack on the u.s. mission in benghazi, libya. this comes on the heels of another scathing report by an independent state department accountability review board that we have covered many times. chief intelligence correspondent catherine herridge has the latest senate report sites the white house for president obama inconsistent statements whether the benghazi assault was terrorist attack
goes on to tweet republican's fiscal cliff double think fiscal crisis demands cuts in service, no investment in jobs but allows more tax cuts for richest americans. if and when this comes up for votes in the house and senate, it's unclear how many democrats especially on the left will support this, or buck the president, basically. bret? >> bret: ed henry live in the white house. thank you. stocks started the week up. possibly encouraged early in the day about talk of this possible deal....
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that will happen tonight to work on the fiscal cliff deal. >> the looming fiscal cliff is forcing president obama to cut short his christmas vacation. >> president obama is cutting short his christmas vacation. he is leaving hawaii tonight so that he can be back in washington when congress reconvenes tomorrow. >> laura: so we should believe that by leaving his island enclave that the president was making some big sacrifice for the country? i'm thinking washington, crossing the delaware on a bitter christmas night 1776 before going on to defeat the british in two major battles, that's sacrifice. i, for one, never understood how in good conscious any of these politicians would think about leaving town with so much riding on this cliff hanger? shouldn't they get their work done before they leave town for a break? that's what's expected for most working americans but then again washington politicians have rules of their own. people whose salaries that we pay are called public servants. meaning they verve us. not the other way around. we don't work to make their lives better. they are supposed t
that will happen tonight to work on the fiscal cliff deal. >> the looming fiscal cliff is forcing president obama to cut short his christmas vacation. >> president obama is cutting short his christmas vacation. he is leaving hawaii tonight so that he can be back in washington when congress reconvenes tomorrow. >> laura: so we should believe that by leaving his island enclave that the president was making some big sacrifice for the country? i'm thinking washington, crossing the...
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. >> the fiscal cliff is a series of spending cuts and tax rises. the uncertainty is already hurting the economy here and americans are angry. >> there is no reason they can't sell it. >> i'm frustrated with all of capitol hill. it is a lot of people to feel that way. it is disgraceful what's going on and we have to put some people who will compromise and of these guys can do it, get rid of them. >> even if the deal isn't found, it won't fix america's budget problems. the government has been tried and found wanting. >> let's take you back to the scene of the greek capital, athens. we did not do it much just as we came to at midnight but the fireworks are under way. it is a country in the deep crypts of austerity budget is perhaps the greeks for getting the financial woes of the country for a few hours. let's leave this beautiful scenes in aphids and go back to the continuing saga on capitol hill. steve kingston is following develops -- following developments. >> both sides are expressing cautious optimism that the framework appears to be in place. p
. >> the fiscal cliff is a series of spending cuts and tax rises. the uncertainty is already hurting the economy here and americans are angry. >> there is no reason they can't sell it. >> i'm frustrated with all of capitol hill. it is a lot of people to feel that way. it is disgraceful what's going on and we have to put some people who will compromise and of these guys can do it, get rid of them. >> even if the deal isn't found, it won't fix america's budget problems....
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her& onpanother on the tax cut. >> congress goes back to work trying to avoid the fiscal cliff. >> how close are we to a deal here? >> we shouldn't be waiting for people to cut deals in back rooms. american people ought to be able to watch the discussion and the debate. >> reporter: a connecticut lawyer is getting heavy criticism because he wants to sue the state over the newtown shooting. >> hello. we didn't do enough. this never should have happened. >>> colts' head coach makes it back to the sidelines three months after being diagnosed with cancer. >> the minute you get the diagnosis, you know, it's like getting hit across the head with a baseball bat. >>> kim kardashian and kanye west are expecting their first child. >> a little shocked. a little surprised. >> if there's no agreement by cliff, economists predict america will go back into a >> we don't want a howard dean sc reamscre. am. >> bungee jumping. >> we might need it. i might then and i might now. >>> i'm norah o'donnell with anthony mason. ch arlichare anlie d gaand yle gaylare e aroff.e off. o'donnell with anthony mason.
her& onpanother on the tax cut. >> congress goes back to work trying to avoid the fiscal cliff. >> how close are we to a deal here? >> we shouldn't be waiting for people to cut deals in back rooms. american people ought to be able to watch the discussion and the debate. >> reporter: a connecticut lawyer is getting heavy criticism because he wants to sue the state over the newtown shooting. >> hello. we didn't do enough. this never should have happened....
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Dec 28, 2012
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he cut his hawaiian vacation short to get back to the white house for any possible last minute fiscal cliff meetings and it appears there will be one tomorrow. harris? >> well, what kind of response is the president getting from lawmakers at this point? >> well, senate republicans say they are willing to listen to any ideas the president has as to how to find a way forward. here is more. >> last night i told the president we would be happy to look at whatever he proposes. but the truth is we are coming up against a hard deadline here. and as i said, this is a conversation we should have is had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> the senate is in session and this is the first time either the house or senate has been in session for legislative business between christmas and new year's since 1970. harris? >> harris: not to put too fine a point on, it i guess it is politics, i don't know. saw what looks like a bit of taunting teen the top senate democrat and th
he cut his hawaiian vacation short to get back to the white house for any possible last minute fiscal cliff meetings and it appears there will be one tomorrow. harris? >> well, what kind of response is the president getting from lawmakers at this point? >> well, senate republicans say they are willing to listen to any ideas the president has as to how to find a way forward. here is more. >> last night i told the president we would be happy to look at whatever he proposes. but...
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Dec 27, 2012
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where priority number one is avoiding the fiscal cliff. >> unless mr. obama and congress can reach a deal by the new year, across-the-board tax increases and deep spending cuts will be automat liically taking effect. and while the president takes his red-eye flight back here to d.c., the first lady and their daughters are staying in hawaii. >> the first couple sat down with our very own barbara walters before their vacation. we pick up their conversation with talk about their family. >> i want to talk a bit about the girls. we've been watching them grow up from little girls to young ladies. malia recently got her first cell phone. do you monitor it and see who she calls or who she texts? >> i give my daughter, at this age, i give her a long rope. and there is monitoring, because we have rules. but monitoring may be, you never know when i'm going to walk in your room and i'm going to definitely ask you, who are you talking to? and are you talking about school work? >> and they're not very good at lying. we joke sometimes about how malia is getting to the
where priority number one is avoiding the fiscal cliff. >> unless mr. obama and congress can reach a deal by the new year, across-the-board tax increases and deep spending cuts will be automat liically taking effect. and while the president takes his red-eye flight back here to d.c., the first lady and their daughters are staying in hawaii. >> the first couple sat down with our very own barbara walters before their vacation. we pick up their conversation with talk about their...
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Dec 28, 2012
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cliff. president obama cut short his hawaii vacation to return to washington. coming up at 5:15 the odds they will be able to come up with a deal were january 1st. >>> the contra costa fire distribution has put together a meeting to discuss the closing of five district stations. they are in clayton, lafayette, martinez. the first meeting is on january 7th in lafayette. we have posted a list of times and locations of those meetings. >>> the brawl that caused wide spread panic in a san francisco mall led to a loss in post christmas sales for business. they ran from the mall when they heard a noise that sounded like gunshots. police arrested three people. all the commotion led to a lock down and likely kept thousands of post christmas shoppers out of the mall. there is no estimate on how much money businesses lost but analyst tell the sacramento breeze it's like -- sacramento bee it's likely a significant amount. >>> janine de la vega is live for us in cupertino this morning. one of the places
cliff. president obama cut short his hawaii vacation to return to washington. coming up at 5:15 the odds they will be able to come up with a deal were january 1st. >>> the contra costa fire distribution has put together a meeting to discuss the closing of five district stations. they are in clayton, lafayette, martinez. the first meeting is on january 7th in lafayette. we have posted a list of times and locations of those meetings. >>> the brawl that caused wide spread panic...
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Dec 28, 2012
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. >> reporter: the fiscal cliff would bring massive tax increases and deep spending cuts. the treasury department would have trouble paying its bills. many economists worry the financial woes would plunge the u.s. back into a recession. just one possible effect of the fiscal cliff. milk prices could spike $2 or $3 a gallon, because farm programs will expire at the end of the year. some are calling that dairy cliff. live in new york, wendy gillette. >> wendy gillette in new york. thank you. >>> the country has lost one of its great warriors. tributes are pouring in this morning for retired general norman schwarzkopf. the general died yesterday in tampa after a battle with pneumonia. schwarzkopf commanded "operation desert storm" that drove iraqi forces from kuwait. in retirement, he championed causes. norman schwarzkopf was 78. >>> now, to former president george h.w. bush's condition. his chief of staff says he will be in the hospital for a while. the 41st president is recovering from a terrible case of bronchitis with a series of complications. she says that mr. bush is g
. >> reporter: the fiscal cliff would bring massive tax increases and deep spending cuts. the treasury department would have trouble paying its bills. many economists worry the financial woes would plunge the u.s. back into a recession. just one possible effect of the fiscal cliff. milk prices could spike $2 or $3 a gallon, because farm programs will expire at the end of the year. some are calling that dairy cliff. live in new york, wendy gillette. >> wendy gillette in new york....
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Dec 28, 2012
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otherwise, the so-called "fiscal cliff" looms on january 1. that's when automatic tax hikes and spending cuts go into effect. senate majority leader harry reid says even if something gets done now there may not be enough time to get it through congress. we'll just wait to see what happens. >> we have been waiting a long time. >> i know. >> hopefully the deadline will help. >>> we have a big holiday weekend and a wee bit of rain. >> that's this afternoon the right now it's cold. that's what we'll focus on in the meantime. cold temperatures are dipping below freezing now. look at fairfield, that's just dropped to 31 degrees. some people scraping some frost off their windshields this morning. 39 in vallejo. 35 santa rosa. so all that blue tells us it's chilly. and unfortunately by this afternoon, well, i guess it's fortunately if you like the cold weather, but it is going to be slightly cooler today than yesterday. a lot of low 50s. 52 santa rosa. only 50 in fairfield. a little more mild around the bay, 54 in oakland and fremont. as frank just me
otherwise, the so-called "fiscal cliff" looms on january 1. that's when automatic tax hikes and spending cuts go into effect. senate majority leader harry reid says even if something gets done now there may not be enough time to get it through congress. we'll just wait to see what happens. >> we have been waiting a long time. >> i know. >> hopefully the deadline will help. >>> we have a big holiday weekend and a wee bit of rain. >> that's this...
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Dec 29, 2012
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but the other thing about the fiscal cliff is you don't want to be blamed for going over it. it is going to be bad for the economy. it's bad for the country. what speaker boehner's done is create a situation in which we're going to go over the fiscal cliff. but the people who want higher taxes, the democrats, they're not going to be blamed for it. after all, it was john boehner who walked away from negotiations to try plan "b" last week. then it was john boehner who planned to pass plan "b" that very same week. then it was mr. boehner who said it was up to the senate, someone else's problem. just from a pr perspective, what john boehner has done here is a debacle for the republicans. and the white house, they've just been sitting back the last week or so and letting it happen. but today, they gave us their plan going forward. you could call it deal and jam. >> i'm optimistic we may still be able to reach an agreement that could pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. but if an agreement isn't reached in time, between
but the other thing about the fiscal cliff is you don't want to be blamed for going over it. it is going to be bad for the economy. it's bad for the country. what speaker boehner's done is create a situation in which we're going to go over the fiscal cliff. but the people who want higher taxes, the democrats, they're not going to be blamed for it. after all, it was john boehner who walked away from negotiations to try plan "b" last week. then it was john boehner who planned to pass...